Nav’s Small Business Grant
$10,000 to take your business to the next level
$10,000 check made out to the business
$2,000 check made out to the business
$1,000 check made out to the business
Meet our first grant winner: Founding Foods
From Rachel Irons, the owner of Founding Foods:
“My company, Founding Foods makes Real Meal Bars and Invasive Species Jerky. And when I say “make,” I mean it: Every week, a few dedicated friends and I head to our rented commercial kitchen to chop, season, and process choice cuts of wild boar meat into delicious jerky.”
About Founding Foods’ challenge:
“We have not been able to keep up with the demand at Farmers’ Markets and specialty events; and we are not able to sell through retail stores because we do not have a USDA certified kitchen.The best solution to these challenges is to use a third party co-packer. This would allow us to scale up and finally sell in stores. But the minimum run for the co-packer is 2,000 lbs. So we’re stuck: we need to produce more jerky, but we don’t have enough capital to take the next step. Basically, a co-packer will unlock the next stage of our business. For that to happen, we need 2,000 lbs of wild boar meat, which costs exactly $10,000.”
Why we liked Founding Foods’ Application (aka tips to win):
- Rachel was candid and specific about her business challenge —and it was a challenge that many business owners can relate to — access to capital.
- She had a clear plan for the $10,000 and it was the perfect amount of money needed change the course of her business.
- Rachel’s passions for her company’s mission stood out in her application.
- She included photos of her in action at Founding Foods.
Read Founding Foods’ full Facebook post here.
About Nav & The Grant
Like most small business owners, we’re a little unruly here at Nav. Our co-founders are lifelong entrepreneurs who had to go over, through and around roadblocks in order to chase their dream. If this sounds familiar, we want to make your life easier.
Nav is the free way to monitor your personal and business credit in one spot. Over 350,000 business owners use Nav today.
We’ve launched the Nav Small Business Grant to give $10,000 to help a deserving business take their company to the next level. If you’ve ever dealt with a tough business challenge but refused to quit, we invite you to apply. It’s easy!
How to apply:
- What your business does and a challenge you overcame or continue to struggle with in your business.
- What you’ll do with the grant funds.
- Bonus points: include a photo of you in action at work.
You may write about your challenge, produce a video, do a recording, etc. Get creative, and encourage your friends and family to like and share your post! Read our instructions below about how to tag Nav on Facebook.
Applications are accepted until December 15th, 2018. The winner will be announced early January.
Grants are considered income for tax purposes. Understand the tax implications of business grants before you apply.
A message from Levi King, Nav’s co-founder and CEO:
Nearly 20 years ago, I started my first small business. It was an electric sign company in Nampa, Idaho. I hustled hard, learned fast and earned a ton of new customers. Despite my sales success, there was a problem: we were always cash poor.
I spent many a sleepless night trying to make the numbers work and had to figure out the financing stuff on my own. It was the worst part of running a business. Things changed once I “legitifed” my business. I discovered how taking care of my personal and business credit health made it way easier to qualify for the best funding and save money.
That’s why it’s our mission at Nav to help business owners build, protect and leverage their credit data, so they can confidently create the business of their dreams.
And, let’s face it — a little extra cash can always help. I wish you the best of luck on your journey!
More tips to win
Don’t sound corporate; let your (and your business’s) personality shine
Make it clear that you gave your application some thought, and be candid about your business challenge
Be specific about what you would do with the funds